The doji is a commonly found pattern in a candlestick chart of financially traded assets (stocks, bonds, futures, etc.) in technical analysis. It is characterized by being small in length—meaning a small trading range—with an opening and closing price that are virtually equal. NSE:TCS NSE:CNXIT
Even if the spot chart shows bearish engulfing pattern, the volumes are just below the avg. The immediate resistance is at 1140 which makes it a low RRR for a short trade where downside support is at 1123 (Fut). So no trade on this counter for taking home, tomorrow on open we can take our call.
Marksans Pharma could be in a HNS formation on a daily chart - Wait and watch
Long Tatasteel check chart for levels
Bearish reversal patterns double top pattern - prices go to almost same level twice and fall back and if support at base of pattern is broken by reasonable volume, it downs further. head and shoulder pattern - 2 shoulders and 1 head. here level of head should be higher than both shoulders. although level of both shoulders may not be equal and it is accepted. lows...
Chart is self explanatory. Levels mentioned may be used as stop loss
Bearish RSI divergence - needs breakdown confirmation to enter the trade
How Beautifully It give a breakdown from this Pattern !
If you are a stock or options trader, you might not have taken the trade without analyzing the charts. Gone are those days when traders punch orders just by looking at the prices. All professional traders prefer to take the shot after viewing the chart and that too after analyzing multiple timeframes. There is one player who has made a heck of a difference in...
1) What's the Log chart? Before I define a Log chart, consider the chart you use daily: 'The Linear Chart.' - Most platforms use a linear chart by default. This is most likely why you were unaware of log charts. 2) So, what exactly does a Linear chart mean? Look at the chart below - The y-axis is divided into 200 equal points ranging from 0 to 3000. - As a...
Hello Traders and Investors My Name is Manish Singh and i am an expert in Neowave. In this chart i have describe the coding method to read my charts. In Neowave Charts Degree labels used as intermediate, primary and cycle degree which is hard to understand by new user. Actually they understand 1 to 5 labels but they dont get the quiet idea in one look in which...
A double bottom, combined with RSI divergence, can be a powerful signal for a trend reversal. What's a Double Bottom ? It's when a stock's price forms two distinct lows on a chart. The pattern is confirmed when prices rise above the peak between those two lows. Why Does It Matter? The double bottom marks the end of a downtrend and the start of an...
Hey everyone! In this post, we are going to talk about different types of charts that are used in technical analysis. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of trading! Charts are used to illustrate change in prices over...
Hello Friends, Today, we have something special in store as we take a top-down approach to analyze a specific stock - Tata Communications in the world of trading. By employing this multi-time frame method, we'll be diving into various charts, starting from the big picture down to smaller timeframes. Before we begin, please remember that trading carries risks,...